Portland has always been at the forefront of alternatives. Whether it’s alternative energy or ways of getting things done, this city pushes the limits whenever possible. With a large population of younger families and a reputation for innovation, Portland is a great place to live and visit. There are breweries, sports arenas, and giant opportunities for outdoor recreation here.
Another place Portland shows innovation is in the payday loan department. This entire state understands how easy it can be to become trapped in a never ending cycle of borrowing and has capped the maximum you can borrow at 25% to help people stay on their feet financially.
Oregon Pay Day Loan Laws
Maximum Loan Amount: $500., or not more than 25% of borrower’s monthly income
Maximum Interest Rate: 36%
Maximum Loan Fees: 10% of the loan, but not more than $30.
Minimum Payoff Time: 31 Days
Maximum Payoff Time: 60 days
Extensions Allowed: Two renewals
Top Portland Pay Day Loan Companies
Check Cash
418 Southwest 2nd Avenue, Portland, OR
(503) 274-2765
westernunion.com
Portland’s Check Cash store does payday loans of up to $500, has Western Union money transfers and much more. This store doesn’t check credit when doing payday loans and that makes it a great option if you’ve been turned down by a bank for a short-term loan.
Ace Cash Express
5600 NE Broadway St, Portland, OR
(503) 287-6669
acecashexpress.com
Ace Cash Express has hundreds of stores across the US and you can find dozens in the Portland area. You can get payday loans here without having to fax documents and their requirements are fairly liberal though they do decide your dollar amount.
Rapid Cash
19026 E Burnside St, Portland, OR
(503) 665-7535
rapidcashnow.com
Rapid Cash understands that in these economic times people from all walks of life can easily end up living from paycheck to paycheck and they offer you payday loans to help make ends meet. This company often gives loans to self-employed people and those on a fixed income.
Anydays Payday
4328 Southeast 82nd Avenue #2050, Portland, OR
(503) 777-0066
Anydays Payday features some of the lowest rates in Oregon in regards to finance charges but they currently don’t have a website. You’ll have to visit them or call them to see if they have any special deals going on.
My Cash Central
P.O. Box 4120, Portland, OR
(866) 477-1157
mycashcentral.com
My Cash Central has been in Portland for many years and offers people traditional payday loans, money orders and more. To qualify here you will need 3 months worth of paystubs and a current bank statement. You can get up to $500.
